Top Posters
Since Sunday
c
6
r
4
c
3
m
3
h
3
1
3
n
3
s
3
d
3
c
3
r
3
e
3
New Topic  
Loraine Loraine
wrote...
Posts: 4563
9 years ago
If a 2 percent rise in price leads to a 4 percent decrease in quantity demanded, then demand is
A) elastic and total revenue decreases.
B) elastic and total revenue increases.
C) inelastic and total revenue decreases.
D) elastic, but we cannot tell what happens to total revenue without more information.
E) Total revenue decreases but we cannot tell if the demand is elastic or inelastic without more information.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
Read 464 times
2 Replies
Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
Replies
Answer verified by a subject expert
SmooothSmoooth
wrote...
Top Poster
Posts: 5500
9 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

wrote...
9 years ago
Don't mention it Happy Dummy
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1360 People Browsing
Related Images
  
 528
  
 362
  
 318
Your Opinion
How often do you eat-out per week?
Votes: 81

Previous poll results: Who's your favorite biologist?